
Japan's MoF steers clear of intervention
"The Japanese are trying to move towards a freer market with greater transparency," said James Gow, managing director and co-founder of forex trading platform FX Online Japan. "Although in the short term this might hurt here and there, it should be advantageous in the longer term."
The MoF's restraint stands in strong contrast to its record spend of ¥21 trillion ($198 billion) in 2003 and a ¥14.9 trillion ($141 billion) outlay in the first quarter. Intervention was intended to limit the yen's
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe
You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.
You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@fx-markets.com